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About Virginia529


Investment Director


Virginia529 is the largest 529 plan in the nation and helps families save for higher education and disability expenses through a variety of investment programs.  As an independent state agency, we are focused on our mission to make education accessible and affordable for everyone while providing meaningful work to our diverse and collaborative team.  If you want to make a difference with us, learn more about working for us by visiting our Careers page.

We are hiring an Investment Director who will lead and manage our long-term investment strategies and operations in support of the overall Agency policy and goals for investments.   If you have a passion for investments, research, analysis, and leadership while making a difference in our community, then this role is for you.

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In this position, you will:

  • Lead the investment division and ensure coordination of all investment program-related activities, including but not limited to strategy development, portfolio construction, and manager sourcing, selection, due diligence, oversight, and operations.
  • Lead Investment division staff (5-person team), collaborating towards team goals, establishing roles and responsibilities, creating development plans, and consistently promoting effective internal communication.
  • Research and develop investment objectives, policies, strategies, asset allocation, liquidity and cash management recommendations to the Investment Advisory Committee (IAC) and Board.
  • Analyze economic conditions and markets to evaluate current asset allocation strategy and risks and recommend changes as necessary to enhance the effectiveness of strategies. 
  • Execute research and manager due diligence and implement acquisition or disposition of investments or manager commitments in consultation with investment consultant.
  • Implement allocations among approved managers and asset types within the guidelines for diversification and mitigating concentration risk.
  • Work with investment consultant on manager searches and oversight functions; review studies, recommendations, and advice submitted by the investment consultant, and advise the IAC and CEO as to their completeness and reasonableness.

Successful candidates will have:

  • Bachelor’s degree in Accounting, Finance or related field required; CFA, CPA and/or Master’s degree in relevant field preferred.
  • Significant experience with asset management and investment operations; current or prior NASD or equivalent securities license(s) preferred, with a demonstrated knowledge of equities, fixed income, real estate, private equity and hedge funds.
  • Experience with financial reporting and general business processes and with investment reporting and compliance reporting systems. 
  • Experience in managing and evaluating investment managers across a range of investments from fixed income to alternative investments.
  • Preferred: Experience with Commonwealth financial policies and procedures; experience with federal and state regulations relating to Section 529 plans, accounting principles and related activities; Knowledge of SEC and applicable municipal security disclosure rules.
  • Experience building and developing successful teams of professionals.
  • Working knowledge of investment modelling and analytics tools such as Bloomberg and eVestment
  • Ability to read and interpret complex financial data and reports including investment performance reporting, global economic data, and financial statements.
  • Ability to build rapport and interact with coworkers, other state government employees, members of the financial community and the general public.
  • Exceptional communication skills with the ability to exchange complex information accurately and to diverse audiences.


  • Generous healthcare benefits with multiple plans to choose from
  • Defined benefit and contribution retirement plans with cash match
  • 12+ holidays
  • PTO – new employees earn 25 days/full year
  • Tuition reimbursement
  • Agency-paid continuing education
  • 529 match program
  • Relaxed work environment

Work Environment:

  • This position typically works in an office environment with considerable time in a sitting, stationary position.
  • Frequently communicate with team members; must be able to exchange accurate information accordingly
  • Travel within the Commonwealth of Virginia and nationally required; frequency is 0-2 nights per month

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More about Virginia529

About Virginia529

Get to know the history, mission, and savings programs of Virginia529.

Board Leadership

Virginia529 is governed by an 11-member board, consisting of experts in finance, investments, and education.


Review historical reports and current investment policies.


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